The Impacts of Foreign Currency Exchange Rates on Savings in Sudan

International Finance Journal, Vol. 3, Issue 121, July 20, 2011

17 Pages Posted: 1 Jul 2011 Last revised: 22 Jul 2011

See all articles by Issam A.W. Mohamed

Issam A.W. Mohamed

Al-Neelain University - Department of Economics

Date Written: 2011

Abstract

The impacts of fluctuations of exchange rates of foreign hard currencies are well documented in economics literature. There are measures taken over by countries to absorb their impacts on income, employment and national economies ability to function and produce. However, distortions are observed in underdeveloped and developing countries. Sudan is among those where impacts of fluctuations in exchange rates versus national currencies are strongly observed and felt on its economy. In the past three decades they represented the highest effects on real money's value, had macroeconomic impacts, affect the prices of productive inputs, produced commodities and the economy's performance. The examination we follow in this paper reveals that they were zero-policies for stabilization. The bank case study for examining encouragements, promoting saving policies to support the national economy suggests they were equal to zero-policies. It is suggested here that macroeconomic restructuring is inevitable to normalize the economic performance. Otherwise, more crisis face the country, one of them is cardinal and eminent economic collapse.

Note: Downloadable document is in Arabic

Keywords: Sudan, Foreign Currency Exchange rates, Macroeconomic Policy, Savings, Inflation, Poverty

JEL Classification: B20, B21, B22, E00, E6, E31, E39, E60, E61, E62, E63, E64, E65, E66, E69, P24

Suggested Citation

Mohamed, Issam A.W., The Impacts of Foreign Currency Exchange Rates on Savings in Sudan (2011). International Finance Journal, Vol. 3, Issue 121, July 20, 2011, Available at SSRN: https://ssrn.com/abstract=1876469

Issam A.W. Mohamed (Contact Author)

Al-Neelain University - Department of Economics ( email )

P.O. Box 12910-11111
Khartoum, Khartoum 11111
Sudan
249122548254 (Phone)

HOME PAGE: http://works.bepress.com/issamawmohamed/

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